Sanderson Group PLC Form 8 (OPD) - Sanderson Group PLC (6174H)
August 01 2019 - 9:44AM
UK Regulatory
TIDMSND
RNS Number : 6174H
Sanderson Group PLC
01 August 2019
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: SANDERSON GROUP PLC ("Sanderson")
(b) Owner or controller of interests and short positions disclosed, if different
from 1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the
trustee(s),
settlor and beneficiaries must be named.
----------------------------------
(c) Name of offeror/offeree in relation to whose relevant securities this form SANDERSON GROUP PLC
relates:
Use a separate form for each offeror/offeree
----------------------------------
(d) Is the discloser the offeror or the offeree? OFFEREE
----------------------------------
(e) Date position held: 1 August 2019
The latest practicable date prior to the disclosure
----------------------------------
(f) In addition to the company in 1(c) above, is the discloser making disclosures N/A
in respect
of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
----------------------------------
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in
more than one class of relevant securities of the offeror or
offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for
each additional class of relevant security.
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates
Class of relevant security: Ordinary shares of 10p each ("Ordinary Shares")
Interests Short positions
--------------------------- -------------------------
Number % Number %
---------------- --------- --------------- --------
(1) Relevant securities owned and/or controlled: Nil Nil Nil Nil
---------------- --------- --------------- --------
(2) Cash-settled derivatives: Nil Nil Nil Nil
---------------- --------- --------------- --------
(3) Stock-settled derivatives (including options) and Nil Nil Nil Nil
agreements to purchase/sell:
---------------- --------- --------------- --------
Nil Nil Nil Nil
TOTAL:
---------------- --------- --------------- --------
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists: None
Details, including nature of the rights concerned and relevant percentages: N/A
-----
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors' and
other employee options) of any person acting in concert with the party to the offer making
the disclosure:
(a) Ordinary Shares held by directors of Sanderson
Director No. of Ordinary % of ordinary
Shares held issued share
capital
(60,472,484)
Christopher Winn (Chairman)
(1) 8,000,000 13.23
---------------- --------------
Ian Newcombe 178,750 0.30
---------------- --------------
Richard David Mogg Nil Nil
---------------- --------------
John Clement Mackenzie
Paterson 90,000 0.15
---------------- --------------
David James Gutteridge 575,000 0.95
---------------- --------------
(1) Christopher Winn and his wife Angela Winn hold 8,000,000 Ordinary Shares in certificated
form and in Redmayne Bentley nominee accounts. Victoria Winn, Christopher and Angela Winn's
daughter, holds 42,000 Ordinary Shares. Andrew Winn and Susan Winn, Christopher Winn's brother
and sister-in-law respectively, own 90,194 Ordinary Shares. Sharon Herschell and Gary Herschell,
Christopher Winn's sister and brother-in-law respectively, own 10,000 Ordinary Shares. The
total family holdings relating to Christopher Winn is 8,142,194 Ordinary Shares.
(b) Directors' rights to subscribe for Sanderson Ordinary Shares
Director Date of Option Expiry Number
grant price (Pence) Date of share
options
outstanding
Ian Newcombe 21/05/2010 23.00p 21/05/2020 300,000
------------ --------------- ----------- -------------
29/06/2011 30.00p 29/06/2021 118,750
---------------------------- --------------- ----------- -------------
27/11/2012 45.75p 27/11/2019 200,000
---------------------------- --------------- ----------- -------------
13/12/2013 71.00p 13/12/2023 200,000
---------------------------- --------------- ----------- -------------
17/01/2017 72.00p 17/01/2024 123,000
---------------------------- --------------- ----------- -------------
29/03/2018 25.00p 29/03/2028 1,250,000
---------------------------- --------------- ----------- -------------
Richard David
Mogg 29/03/2018 25.00p 29/03/2028 500,000
------------ --------------- ----------- -------------
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal
or informal, relating to relevant securities which may be an inducement to deal or refrain
from dealing entered into by the party to the offer making the disclosure or any person acting
in concert with it:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state "none"
None
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party
to the offer making the disclosure, or any person acting in concert with it, and any other
person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which
any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
None
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
Supplemental Form 8 (SBL) NO
---
Date of disclosure: 1 August 2019
Contact name: Richard Mogg, Group Finance Director
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Telephone number: 0333 123 1400
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Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service.
The Panel's Market Surveillance Unit is available for
consultation in relation to the Code's disclosure requirements on
+44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at
www.thetakeoverpanel.org.uk.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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